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1.82 Million ENA Transferred to Binance After Team Allocation

1.82 Million ENA Transferred to Binance After Team Allocation

On-chain data shows Maven11 Capital-linked wallet continues sizable ENA deposits to Binance, underscoring a recurring trend of token movements following unlocks and vesting events.

ENA

Summary

A wallet tied to Maven11 Capital has deposited 10 million ENA tokens, worth about $2.05 million, to Binance, according to The Data Nerd. In January, the same wallet received 18.18 million ENA valued at $4.48 million via vesting and sent 3.68 million ENA worth $1.06 million to Binance. These transfers add to previous activity involving 1.82 million ENA worth roughly $400,000 sent through an intermediary wallet to Binance one day after a team allocation, reflecting a consistent pattern of post-unlock token deposits into exchanges.

Terms & Concepts
  • ENA: A cryptocurrency token associated with a specific blockchain project; details such as its utility depend on the project's design.
  • Intermediary Wallet: A crypto wallet used to route or hold funds temporarily before transferring them to another destination.
  • On-chain Data: Information recorded directly on a blockchain, providing transparent and verifiable transaction details.